Monthly Archives: June 2017

New York and Boston, June 19, 2017 – Today, the Federal Trade Commission (FTC) announced it will attempt to block the proposed merger between DraftKings and FanDuel.

We are disappointed by this decision and continue to believe that a merger is in the best interests of our players, our companies, our employees and the fantasy sports industry. We are considering all our options at this time.

As we work together to determine our next steps, we would like to thank DraftKings and FanDuel players, partners and employees for their patience, support and continued loyalty.

As you may already know, DraftKings entered into a merger agreement with FanDuel last November. The U.S. Federal Trade Commission (FTC) has announced they will attempt to block our merger.

We are disappointed by this approach and continue to believe that a merger is in the best interests of our players and the fantasy sports industry. We are currently considering all our options, including litigation.

Are DraftKings and FanDuel still planning on merging at some point?

For now, DraftKings and FanDuel will remain separate companies. We are working closely with FanDuel to determine our next steps.

How does this impact me and my funds?

Nothing is changing for you right now. DraftKings will continue to operate as an independent entity from FanDuel. Players will be able to use their funds to enter contests as they normally do.

DraftKings will continue to keep player funds in segregated accounts. Your funds will remain protected and available for withdrawal.

Will there be any changes in leadership or client service staff at DraftKings?

Business will continue as usual. The high-quality service you are accustomed to will continue, uninterrupted.

I also have a FanDuel account. What’s happening to FanDuel?

DraftKings will continue to operate as an independent entity from FanDuel. Check with FanDuel for any updates on its business.

Will this change anything for this upcoming NFL season?

This is an exciting time to be a sports fan and daily fantasy player. We are looking forward to making this football season the best one yet.

Stay tuned for new products, innovative features and contests to roll out this fall. As we gear up for another successful NFL season, we will continue to put you – the sports fan – at the center of everything we do.

Will DraftKings still offer all of its sports and contests?

Yes. All sports and contests currently offered by DraftKings will continue to be available to play.

Does this impact the partnerships that are in place with the existing sports franchises/networks, like the MLB?

The close partnerships we hold at DraftKings will continue. We do not anticipate that this development will have any impact on our existing partnerships.

Will DraftKings continue to advertise?

Advertisements for DraftKings will continue as planned.

As always, we will be focused on sustaining our media relationships and advertising partnerships in order to reach new fantasy players, invest more in promotions and drive continued growth to benefit our users.

Will there be any changes to the commission DraftKings collects from contests?

No; this development will not affect our commission rates. We know that there are other platforms players can choose, and we always assess other fantasy sports sites when we size our contests and offerings so that rates remain competitive.